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Mortgage Prepayment Calculator

Use this calculator if you currently already own a rental home and have an existing mortgage. This calculator allows you to see how prepaying the mortgage would reduce the length of your mortgage and how much interest you would save. You also have the option to display a new amortization table.

Current Principal Balance (if known) $
Amortization Length $
Current Annual Interest Rate %
Additional Monthly Pre-Payment
(Enter "Bi" for a biweekly prepayment calculation)
$
Starting: Month = Year =